Category Archives: The dismal science

Yanis Varoufakis: Interview with Léa El Azzi on Capitalism After the Pandemic, Europe, Greece, Lebanon & the IMF

A discussion of the state of capitailsm, with a European/Lebanase slant.

Michael Hudson on Coronavirus and Debt Winners and Losers

Michael Hudson explains why debt cancellation and turning banks into utilities is the only sound response to the cornacrisis.

Can the Aspen Institute’s Elite Economists Beat the Coronavirus Depression?

A careful look at a new set of rescue schemes devised by some Serious Economists. Honestly, even Larry Summers could do better than this.

Who Benefits From New Technologies?

Do the benefits of new technologies accrue primarily to inventors, early investors, and highly skilled users, or to society more widely?

The Bank of England Votes for More QE – But This Is a Road That Will Run Out

Yves here. Richard Murphy’s observations about QE hitting its limits are clearly relevant to the US. Sadly, things will have to get worse before ideas like a job guarantee or Green New Deal-type work schemes even get a hearing. By Richard Murphy, a chartered accountant and a political economist. He has been described by the Guardian […]

Automation, Globalisation, and Vanishing Jobs

A new take on how automation and offshoring affect employment.

Covid-19 Recessions: This Time It’s Really Different

Why Covid-19 damage will be lasting.

Heiner Flassbeck: The Euro Arrangement Is Faulty

Heiner Flassbeck shows it defies macroeconomic logic to promote surpluses for Germany, prohibit government deficits everywhere else and forbid the central bank from acting as the central bank of each Euro member.